Increasing the Cash Reserve Ratio (CRR) by the Reserve Bank of India, may lead to an increase in which of the following?
1. Increase in the number of loans disbursed by the banks.
2. Higher Interest earning on CRR by the banks.
3. Increase in lending rates by the banks.
How many of the above are correct?
1
Only one
2
Only two
3
Only three
4
None